Friday, September 06, 2013

Detroit Museum Amends Donor Policy to Safeguard Future Gifts - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

Detroit Museum Amends Donor Policy to Safeguard Future Gifts - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: The director of the Detroit Institute of Arts tells The Art Newspaper that the museum is changing the language of its donor agreement to ensure future donations cannot be used to alleviate Detroit’s financial woes.

“We are inserting into our deed of gift a line stating that from any sale of the work, the proceeds can only be used to buy more art,

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